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REIT vs. IPRP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

REIT vs. IPRP.L

Last updated Jun 16, 2026

REIT (ALPS Active REIT ETF) and IPRP.L (iShares European Property Yield UCITS ETF) are both REIT funds. REIT is actively managed, while IPRP.L is passively managed. Over the past 5 years, REIT returned 4.73%/yr vs -4.93%/yr for IPRP.L. At a 0.41 correlation, their price movements are largely independent. REIT charges 0.68%/yr vs 0.40%/yr for IPRP.L.

Performance

REIT vs. IPRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active REIT ETF (REIT) and iShares European Property Yield UCITS ETF (IPRP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

REIT is traded in USD, while IPRP.L is traded in GBp. To make them comparable, the IPRP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, REIT achieves a 16.63% return, which is significantly higher than IPRP.L's 0.65% return.

REIT

1D
-0.69%
1M
4.10%
YTD
16.63%
6M
15.96%
1Y
17.33%
3Y*
10.76%
5Y*
4.73%
10Y*
—

IPRP.L

1D
0.63%
1M
1.68%
YTD
0.65%
6M
3.85%
1Y
1.71%
3Y*
13.43%
5Y*
-4.93%
10Y*
1.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

REIT vs. IPRP.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
REIT
ALPS Active REIT ETF		16.63%-0.55%7.11%13.74%-21.23%33.02%
IPRP.L
iShares European Property Yield UCITS ETF		0.65%22.21%-6.55%21.51%-40.83%8.07%

Correlation

The correlation between REIT and IPRP.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2021

0.41

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ALPS Active REIT ETF

iShares European Property Yield UCITS ETF

Often compared with REIT:
REIT vs. VOOREIT vs. VTIREIT vs. SGOVREIT vs. IHGREIT vs. VRAIREIT vs. VGTREIT vs. SCHG
Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS

Return for Risk

REIT vs. IPRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REIT
REIT Risk / Return Rank: 4343
Overall Rank
REIT Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
REIT Sortino Ratio Rank: 3838
Sortino Ratio Rank
REIT Omega Ratio Rank: 3939
Omega Ratio Rank
REIT Calmar Ratio Rank: 5252
Calmar Ratio Rank
REIT Martin Ratio Rank: 4545
Martin Ratio Rank
IPRP.L
IPRP.L Risk / Return Rank: 1111
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1111
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

REIT vs. IPRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active REIT ETF (REIT) and iShares European Property Yield UCITS ETF (IPRP.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

REITIPRP.LDifference
Sharpe ratioReturn per unit of total volatility
1.33
0.10

+1.23

Sortino ratioReturn per unit of downside risk
1.82
0.26

+1.55

Omega ratioGain probability vs. loss probability

1.24

1.03

+0.20

Calmar ratioReturn relative to maximum drawdown

2.37

0.10

+2.27

Martin ratioReturn relative to average drawdown

6.87

0.24

+6.63

REIT vs. IPRP.L - Sharpe Ratio Comparison

The current REIT Sharpe Ratio is 1.33, which is higher than the IPRP.L Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of REIT and IPRP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

REIT vs. IPRP.L - Drawdown Comparison

The maximum REIT drawdown since its inception was -29.30%, smaller than the maximum IPRP.L drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for REIT and IPRP.L.

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Drawdown Indicators

REITIPRP.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.30%

-73.26%

+43.96%

Max Drawdown (1Y)

Largest decline over 1 year

-7.35%

-17.54%

+10.19%

Max Drawdown (3Y)

Largest decline over 3 years

-18.19%

-20.80%

+2.61%

Max Drawdown (5Y)

Largest decline over 5 years

-29.30%

-58.02%

+28.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-58.02%

—

Current Drawdown

Current decline from peak

-0.69%

-25.64%

+24.95%

Average Drawdown

Average peak-to-trough decline

-10.32%

-20.11%

+9.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

7.15%

-4.62%

Volatility

REIT vs. IPRP.L - Volatility Comparison

The current volatility for ALPS Active REIT ETF (REIT) is 4.66%, while iShares European Property Yield UCITS ETF (IPRP.L) has a volatility of 4.98%. This indicates that REIT experiences smaller price fluctuations and is considered to be less risky than IPRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

REITIPRP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

4.98%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

9.46%

14.03%

-4.57%

Volatility (1Y)

Calculated over the trailing 1-year period

13.09%

16.92%

-3.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.49%

24.18%

-5.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.37%

21.41%

-3.04%

REIT vs. IPRP.L - Expense Ratio Comparison

REIT has a 0.68% expense ratio, which is higher than IPRP.L's 0.40% expense ratio.

Dividends

REIT vs. IPRP.L - Dividend Comparison

REIT's dividend yield for the trailing twelve months is around 2.71%, more than IPRP.L's 0.50% yield.

PositionTTM20252024202320222021202020192018201720162015
IPRP.L
iShares European Property Yield UCITS ETF		0.50%2.83%2.79%2.62%4.20%2.11%2.68%3.07%3.24%2.81%2.49%2.59%
REIT
ALPS Active REIT ETF		2.71%3.20%3.06%3.13%2.81%4.71%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

REIT and IPRP.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IPRP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IPRP.L is cheaper with a 0.40% expense ratio, compared with 0.68% for REIT.

They also come from different issuers: ALPS and iShares. Their fees differ too: 0.68% for REIT and 0.40% for IPRP.L.

Portfolio Optimizer

Find the right allocation for REIT and IPRP.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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